. VERGE/ ETHEREUM is in a downtrend and beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The is at 29.
. While the resistance #1 is not broken, the probability of price increase would be too low.
. The price is in a downtrend, but we forecast the uptrend would begin.
. There is a possibility of temporary retracement to suggested (0.0000560 to 0.0000482). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.0000560)
Ending of entry zone (0.0000482)
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing", "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
TP1= @ 0.0000700
TP2= @ 0.0000796
TP3= @ 0.0000968
TP4= @ 0.0001186
TP5= @ 0.0001453
TP6= @ 0.0002030